First Industrial announced a new lease with Continental Tire
Today, First Industrial announced a new lease with Continental Tire for287,827 square feet of distribution space at First Park DalPort, located at South I-45 in Wilmer, TX in the Dallas market.
The facility will serve as Continental Tire's new product distribution center for its customers in the Southwest region. The lease is the first at the park, which is strategically located off I-45 and offers ready access to major interstates including I-35 (the NAFTA highway) and I-20, and has close proximity to Union Pacific's Dallas Intermodal Terminal.
"First Park DalPort met Continental Tire's requirements for a distribution location that offers efficient access to major interstates and Union Pacific's Intermodal Terminal to serve the Southwest markets," said Robert Allen, marketing and leasing director for First Industrial's Dallas region.
"The lease is our first at this recently developed, state-of-the-art park, which, in this competitive leasing market, reinforces the desirability of First Park DalPort's strategic location."
First Industrial would like to thank Terry Darrow, managing director of Jones Lang LaSalle, and his team of Kacy Jones and Will Wyatt for their assistance with this lease.
First Park DalPort is strategically located off I-45 and offers ready access to major interstates including I-35 (the NAFTA highway) and I-20, and has close proximity to Union Pacific's Dallas Intermodal Terminal.
Its Foreign Trade Zone status and the triple freeport status make First Park DalPort a highly desirable location for companies serving the Dallas/Fort Worth consumption zone and the Southwest.
First Industrial currently owns and manages approximately 6.8 million square feet in the Dallas/Fort Worth market.
About First Industrial Realty Trust, Inc.
First Industrial Realty Trust, Inc. (NYSE: FR) provides industrial real estate solutions for every stage of a customer's supply chain, no matter how large or complex. Across major markets in North America, our local market experts manage, lease, buy, (re)develop, and sell industrial properties, including all of the major facility types - bulk and regional distribution centers, light industrial, manufacturing, and R&D/flex. We have a track record of industry leading customer service, and in total, we own, manage and have under development 93 million square feet of industrial space. For more information, please visit us at www.firstindustrial.com. We post or otherwise make available on this website from time to time information that may be of interest to investors.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.
The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 billion square feet worldwide. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse in real estate with more than $36 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.